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5 Stocks Pushing The Financial Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

One out of the three major indices are trading up today with the
Dow Jones Industrial Average (
^DJI) trading down 57 points (-0.4%) at 13,961 as of Wednesday, Feb. 13, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,624 issues advancing vs. 1,238 declining with 155 unchanged.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5.
Progressive Corporation (
PGR) is one of the companies pushing the Financial sector higher today. As of noon trading, Progressive Corporation is up $0.44 (1.8%) to $24.19 on average volume Thus far, 2.7 million shares of Progressive Corporation exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $23.61-$24.26 after having opened the day at $23.76 as compared to the previous trading day's close of $23.75.

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. Progressive Corporation has a market cap of $14.2 billion and is part of the insurance industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Progressive Corporation a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Progressive Corporation as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Progressive Corporation Ratings Report now.